Save Article

RetailMeNot Offers Soft Outlook

Expects revenue to range from $49 million to $54 million

By

Joshua Jamerson

Feb. 9, 2016 10:21 a.m. ET

RetailMeNot Inc. on Tuesday offered a soft revenue forecast for the current year, sending shares down 17% in early trading.

For the current quarter, the company said it expects revenue to range from $49 million to $54 million, below Wall Street expectations of $57 million. For the year, RetailMeNot projected revenue of $225 million to $240 million, below analysts’ views of $247 million. The stock, which was trading at $6.63 on Tuesday morning, has now fallen 57% in the past 12 months.